Unemployment rate rose to 4.3% after disappointing jobs numbers. Some economists fear recession is coming

[Elim Garak]

 

[Loose]

Jerome has to cut rates immediately, pretty sure this what he was looking for a cooling

 

[Elim Garak]

Jerome has to cut rates immediately

Well this is what he wanted and has been waiting for so I assume he will.

 

[IrateMastermind]

We get “fear recession is coming” every quarter. If they say it enough times, they’ll get it right eventually

 

[ORDER_66]

 

[Da King]

Employment numbers in this country don’t mean shyt


15k intel workers getting laid off and now working as Uber drivers = no job loss

 

[OfTheCross]

They been fearing a recession for 4 years

 

[Elim Garak]

They been fearing a recession for 4 years

It's not really the same thing lol. I don't know what will happen, but having an indicator for recession and simply fearing it is a bit different.

The Sahm rule signals a recession when the three-month moving average of the national unemployment rate rises by 0.5 percentage points or more, relative to its low during the previous 12 months.

 

[diggy]

Time for some snow on your Friday commute because Coli boyz ain't feelin no losses

 

[ORDER_66]

Employment numbers in this country don’t mean shyt


15k intel workers getting laid off and now working as Uber drivers = no job loss

That's messed up...

 

[cheek100]

The minute he cuts rates is when we’re officially in recession territory

 

[Da King]

That's messed up...

It’s sad but true, I always laugh at these “numbers”

I think in the 90’s they started to change what qualifies as “employed” to boost it

 

[Tair]

Employment numbers in this country don’t mean shyt


15k intel workers getting laid off and now working as Uber drivers = no job loss

A lot more Intel workers about to be laid off after that class action lawsuit settlement eventually hits.

 

[Piff Perkins]

Hilarious. 12+ straight months of "recession coming any second now" reactions so of course it's happening again from the same people. Powell was talking about reducing rates recently, I'd expect today's data shows him exactly what he wants to see for that to happen. At which point we're really gonna be surging. Lets go.

 

[Sir Richard Spirit]

The fed said a few days ago they wasn’t cutting shyt. Let it ride